Songfa Ceramics' Subsidiary Finalizes Contracts for Four Ultra-Large Crude Carriers

Stock News
03/05

Guangdong Songfa Ceramics Co.,Ltd. (603268.SH) announced that its subsidiary, Hengli Shipbuilding (Dalian) Co., Ltd., has recently signed and activated contracts for the construction of four ultra-large crude carriers. The total contract value is estimated to be between $4 billion and $6 billion. The proper execution of these contracts is expected to positively impact the company's future performance, enhance its medium- to long-term market competitiveness and profitability, and further strengthen its competitive edge in the market.

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